[EVA Daily Review] Sellers Hold Firm Offers, Market Transactions Moderate

1 Today's Summary

This week, the ex-factory price of EVA petrochemicals continued to rise, and the auction source prices were significantly increased.

②. This week, EVA petrochemical units are mostly operating stably, and Baofeng plans to shut down for maintenance on the evening of the 8th.

Table 1 Summary of Domestic EVA Prices (Unit: RMB/ton)

The domestic EVA market quotations are firm today.Due to the increased holding costs, suppliers are offering firm prices, but downstream foam factories are resistant to high-priced sources. The market is inquiring about low-priced sources, with average transaction performance. 。 Mainstream prices: Soft materials are priced at 11,400-11,600 RMB/ton, and hard materials are priced at 10,800-11,400 RMB/ton.

Figure 1 Domestic EVA Price Trend Chart (Yuan/ton)	Figure 2 Domestic EVA Price Trend by Type (Yuan/Ton)
Source of data: Longzhong Information	Source of data: Longzhong Information

3 Production Updates

Domestic EVA petrochemical units: Sinochem Quanzhou produces FL00628; Jiangsu Silbond tubular units produce photovoltaic EVA, kettle units produce UE2806; Jiangsu Hongjing PV1 line produces photovoltaic EVA, PV2 line produces photovoltaic EVA, PV3 line produces 6020MF; three Yanshan EVA units are all shut down; Ningxia Baofeng shut down for maintenance on the evening of the 8th; Yanchang Yulin produces V2825Y; Tianli Gaoxin produces photovoltaic EVA; Zhejiang Petrochemical produces photovoltaic EVA; Gulei Petrochemical produces USI-2806. Additionally, the South China market soft EVA prices are 11,400-11,600 yuan/ton, with the domestic EVA industry gross profit margin around 2,500 yuan/ton.

Figure 3 Domestic EVA Capacity Utilization Rate Trend Chart	Figure 4 Domestic EVA Profit and Price Comparison Chart (Yuan/Ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction

In the short term, the supply and demand of EVA show a strong trend, with robust demand led by the photovoltaic sector. EVA manufacturers have low inventory levels, and prices remain high and firm. The photovoltaic spot market continues to experience tight supply. Although the foam market resists price increases, the strong support from the supply side suggests that the market is more likely to rise than fall. It is expected that the market will mainly consolidate at a high level in the later period.

5 Related product information

1 Ethylene: 9 August 8 Day CFR Northeast Asia 840 USD/ton stable, CFR Southeast Asia 840 USD/ton stable 。 Sinopec Chemical Sales East China Branch's ethylene price remains steady at 7,150 yuan/ton, and Jinshan Lianmao's ethylene price is also quoted at 7,150 yuan/ton.

2 Vinyl acetate: East China Acetic AcidEthylene MarketThe mainstream negotiation range for high and low grades is 5,250-5,350 yuan/ton. In East China, the petrochemical price is 5,250-5,350 yuan/ton. Users are following up according to their needs, and the focus of negotiations is shifting towards the mid-to-high end.

6 Data Calendar

Table 2 Overview of Domestic EVA Data (Unit: 10,000 tons)